Latin America bonds attractive, Pemex a standout: Prudential

Bloomberg

Prudential Financial Inc. says debt from Latin America is still attractive after a rally this year, with bonds from PetroleosMexicanos SA and sovereign securities from Argentina among the most alluring options.
David Bessey and Cathy Hepworth, money managers who help oversee $26 billion in emerging-market debt at Prudential Financial, said that the extra yield investors get to own Pemex debt instead of government notes represents a “really good value.”
Changes in governments in Brazil and Argentina will drive further gains for those countries, with more upside seen for the latter because there are fewer political obstacles, they said.
In Brazil, local bonds are attractive, particularly those with longer maturities.